NetSpi Executives

JANUARY 8, 2024

In case you missed it, Chubb, one of the leading publicly traded property and casualty insurance companies, announced an innovative collaboration with NetSPI to strengthen client cyber-risk profiles via enhanced attack surface management and penetration testing solutions. What is proactive security?

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SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

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Cyber Insurance Insurance Ransomware Cyber Attacks 54

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.

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Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

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eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

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Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. The company reported the ransomware attack to law enforcement and notified its customers. The company is responding to the incident with the help of leading cyber defense firms.

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CyberSecurity Insiders

APRIL 19, 2022

A study conducted by Cybersecurity Firm Mandiant confirms that ransomware actors are increasingly targeting virtualization platforms to extort ransom in large amounts. The year 2021 witnessed an increase in ransomware attacks on Corporate IT environments.

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CompTIA on Cybersecurity

DECEMBER 23, 2021

Cybersecurity was a big focus for CompTIA in 2021, producing a tremendous volume of content and data detailing how MSPs and other technology companies are responding to the latest cyberattacks, ransomware, hacks, and other cybercriminal behavior.

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CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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Security Boulevard

AUGUST 22, 2022

Has ESG Become aWake-Up Call for Cybersecurity? Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Access to global talent is still a challenge.

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CyberSecurity Insiders

JANUARY 6, 2023

By Doron Pinhas, Chief Technology Officer, Continuity. 2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Job dissatisfaction and surging unemployment across the technology sector is likely to spur more insider threats. Insurance Refusals and Rate Hikes.

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Backups Ransomware Insurance Cyber Insurance 136

CyberSecurity Insiders

DECEMBER 9, 2021

In a recent study made by Gartner, Lloyd’s emerged as a top company that increased its coverage premiums by 50% in 2021, all because of a global impact of ransomware attacks on corporate and government networks. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.

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SecureWorld News

DECEMBER 7, 2022

As the world becomes increasingly reliant on technology, cybersecurity remains a top priority for individuals, businesses, and governments alike. People have been saying that the evolution of AI will be key for cybersecurity, and everything else, for years now. Cybersecurity skills shortage will continue.

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Cybersecurity Cyber Insurance Insurance Social Engineering 87

SecureList

NOVEMBER 9, 2022

Every year, Kaspersky experts prepare forecasts for different industries, helping them to build a strong defense against any cybersecurity threats they might face in the foreseeable future. While supply-chain is a big challenge for business right now, its cybersecurity is not merely an issue, it’s a major problem.

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SecureWorld News

AUGUST 18, 2020

The Carnival Corporation, which has canceled cruises for months now as a result of COVID-19, says one of its cruise brands was hit with a ransomware cyberattack. What do we know about the Carnival Cruises ransomware attack? Ransomware attacks 2020: what do cybercrminals want? Remediation is underway.

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CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

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SecureWorld News

JANUARY 21, 2024

Battling cybersecurity threats can often feel like an uphill struggle. Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyber threats out there.

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Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. No industry, category, size, or group is safe from this cyber scourge. Millions of inboxes have been hit with a variant of Avaddon ransomware. 1-99-employee companies are a target. What can CEOs do?

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SecureWorld News

MAY 9, 2023

The attacker managed to upload ransomware into the department's information technology system, which resulted in the department's operations being affected. Officials only referred to the incident as a "network disruption" until they finally acknowledged that a ransomware attack had taken place.

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Webroot

JULY 25, 2022

Here are some of the key trends which we observed at this year’s first marquee cybersecurity event post-pandemic: 1. Most customers alluded to the cybersecurity skills shortage; one of the key market drivers remains a “managed” component tailored to organizations’ response capabilities. Cyber insurance becomes mainstream discussion.

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The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. How did you first get interested in cybersecurity as a career? Erin: So, let’s get started. What drew you to this field?

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SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

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Risk Artificial Intelligence Cybersecurity Financial Services 73

CyberSecurity Insiders

MAY 1, 2023

The 2023 Data Security Incident Response Report was compiled after gathering responses from more than 1,100 cybersecurity professionals, and it suggests that businesses’ tolerance levels have declined. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?

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Malwarebytes

SEPTEMBER 30, 2022

The first is that they handle troves of sensitive data, especially personally identifiable information (PII) , and the second is that they operate on shoestring budgets with little to no cybersecurity staff or leadership buy-in. We’ll break down five best practices for local government cybersecurity in this post. Partner up!

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SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

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Thales Cloud Protection & Licensing

MAY 9, 2022

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

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IT Security Guru

MAY 24, 2023

Cybersecurity is critical to any company. It helps to protect your organisation, workforce and clients from cyber-attacks. By doing this, you are reducing the chance of identity theft, data breaches, ransomware, and many other types of cyber threats. Use standard cybersecurity methods.

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The Last Watchdog

APRIL 30, 2019

If your company is participating in the global supply chain, either as a first-party purchaser of goods and services from other organizations, or as a third-party supplier, sooner or later you’ll encounter the NIST Cybersecurity Framework. That could be for insurance purposes. “As Wrenn said. “So

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CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. As the then-director of IT infrastructure for the city, he learned a lot of valuable lessons about defending against and recovering from a ransomware attack. It had started sometime between 4 a.m.

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SecureWorld News

NOVEMBER 1, 2021

Cybersecurity is a complex topic. And now The White House is weighing in with a new report, A Strategic Intent Statement for the Office of the National Cyber Director. It details exactly how the United States plans to improve the nation's cybersecurity posture. The vision for cybersecurity: changing how we think about it.

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Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

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BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.

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Insurance Cybersecurity Cyber Insurance Cyber Risk 83

SecureWorld News

DECEMBER 29, 2022

We love good "trends in cybersecurity" articles and posts. The State of Cybersecurity in 2022 and Trends and Predictions for 2023 – " These thoughts found in this post won't come from the lens of venture capital or private investing but from a cybersecurity practitioner who still buys software and leads security programs today.".

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SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

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SecureWorld News

OCTOBER 19, 2023

Global inflation can have, and is having, a significant impact on cybersecurity. As prices rise, organizations may be tempted to cut back on cybersecurity spending, making them more vulnerable to cyberattacks. Additionally, inflation can make it more difficult for organizations to keep up with the latest cybersecurity threats.

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